Woodside Pledges to Cut Methane Emissions

Australian producer and LNG exporter Woodside announced April 4 it has joined BP, Eni, ExxonMobil, Gazprom, Repsol, Shell, Statoil, Total and Wintershall in signing the so-called 'Guiding Principles' that commit it to further reduce methane emissions from the natural gas assets it operates.

The Guiding Principles are listed in the document that Woodside signed, which can be viewed here. It does not give the date of signature.

By signing up, Woodside also agrees to encourage others across the natural gas value chain – from production to the final consumer – to abide by the same principles.

Last month Qatar Petroleum said it too had signed although its name does not appear in this latest document. Until March, only eight IOCs had signed up. Then both Gazprom and QP said they had signed.

Woodside brings the total number of companies to have signed up to eleven, if QP is counted.

Woodside had already endorsed the World Bank-led 'Zero Gas Flaring by 2030' pledge, being one of 34 oil and gas companies so far to have done so.